Linked by Thom Holwerda on Mon 11th May 2009 08:46 UTC
Intel Microsoft isn't the only company in the technology industry with a monopoly. Its partner in crime, Intel, has often been accused of monopoly abuse as well, and is currently under scrutiny by the same European Commission who fined Microsoft. Sources have told eWeek (which generally has a good track record) that Intel will indeed be found guilty this week of abusing its monopoly position to stifle the competition.
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RE: Confused
by wannabe geek on Mon 11th May 2009 23:04 UTC in reply to "Confused"
wannabe geek
Member since:
2006-09-27

That line of thought doesn't seem to be very popular over here, or in most places nowadays for that matter. For what it's worth, I agree. So do Austrian economists like Murray Rothbard:
http://mises.org/rothbard/mes/chap10a.asp

In a nutshell, there's no consistent way to define "monopolistic" behavior as opposed to legitimate market behavior, and all antitrust legislation is harmful interventionism.

BTW, I do think Microsoft and Intel are monopolists, not because they dominate the market, but because their business model is largely based on intellectual monopolies granted by the State through "intellectual property" laws, especially patents, the antithesis of free competition. OTOH, I have no issues with, say, McDonald's, as long as they don't try to get patents on fast food to shun competition (I wouldn't be too surprised to learn they have).

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